Enter Baosteel ?, page-6

Hi Doc, I see Minres backing off from buying IOH as the same reason why they eventually backed off from proceeding with the AQA deal.

Hence, this (very PUBLIC backing off) by MinRes may suggets there is a good chance of a Chinese counter offer. It's a tell take sign for me.

I think (it is possible) that Baosteel may have "rewarded" MinRes with the bulk of the infrastructure work for Anketell (Bucklands and Bungaroo South would be excellent for economy of scale for Anketell as well as increasing Chinese ownership of Pilbara assets which is consistent with the China NDRC iron ore strategy published in January this year).

After all IOH is all about MONETIZING the assets.

This could be the time.